BigBasket is likely in talks with new investors as Alibaba looks to cut its stake
Reports say the company has initiated talks for investment between $ 350-400 million
The Alibaba Group has a 28% stake in BigBasket
The Alibaba Group made a $50 million investment in BigBasket in April
Talks are underway with investors from Singapore and the US
With the investment, the value of Bigbasket is likely to increase by 33%, ie, $2 billion
Big Basket’s online portfolio has over 30,000 items online
